Please provide the answers to the following two problems using the templates provided.

Problem $1$: $(3$ Points$)$

For each of the transactions below, record whether it would result in an increase or decrease in assets

and$/$or liabilities by placing an X in the appropriate boxes. Use the template provided to document your

answers. An organization:

$1.$ Purchases supplies with cash

$2.$ Purchases supplies on account

$3.$ Takes out a loan

$4.$ Repays loan principal

$5.$ Receives payment on a pledge made by a donor

$6.$ Makes a payment on an amount it owes

$7.$ Prepays for insurance

$8.$ Pays employee wages that were earned by the employees

$9.$ Begins using office space with a $10-$year lease for property